On Aug. 3, 2004, Standard&Poor's Ratings Services said that its 'BB-' corporate credit ratings on utility holding company DPL Inc. and its utility subsidiary, Dayton Power&Light Co. (DP&L), remain on CreditWatch with negative implications. This follows DPL's announcement that it was unable to file its 2003 Form 10-K by July 31, 2004 and that it can not provide a firm date for the filing of its 2003 Form 10-K and its Form 10-Q for the first and second quarters of 2004 at this time. As a result of the delay in filing the financial statements by July 31, 2004, and in accordance with the terms on its $175 million 8% senior notes due 2009, DPL will
